Rosedale - Moore Park Toronto real estate report for third quarter of 2019
Freehold house sales:
21 freehold houses were sold in Rosedale / Moore Park neighbourhood in the third quarter of 2019. The prices for the 17 detached houses ranged from $1,915,000 to $6,525,000 and averaged $3,777,941. Average list to sell price ratio was 102%, and average time on the market for detached houses was 26 days.
The lowest price, $1,550,000, was paid for a 3-bedroom Victorian townhouse at Davenport and Park Road, which took 3 months to sell and received 86.4% of the original list price. Five houses sold above the 5 million mark, and the highest price, $6,525,000, was paid for a renovated 3-storey detached house in South Rosedale, with a lovely south facing garden. That house took only 2 days to sell and received 115% of the list price.
In the same period of 2018 13 detached houses sold for an average of $4,610,000 with the lowest selling price $1,510,000 and the highest $18,250,000; average time on the market for a detached house was 22 days, and the average sold to list price ratio was 100%.
Five freehold houses were sold above the asking price. The highest, 129%, was paid for a laneway house at Yonge and Summerhill, which was listed for $2,000,000 and sold in four days for $2,570,000, one day before the planned offer date. Two listings sold for full price, and the remaining fourteen sold below asking, ranging from 91% to 98%. Three houses sold in a couple of days; ten sold within the first week of marketing, and five took more than two months to sell. The average time on the market was 26 days. Only one listing sold with a bully offer.
Condominium, co-op and co-ownership sales:
31 condominium apartments and seven co-ops were sold in the second quarter of 2019 in Rosedale-Moore Park. The lowest price, $497,000, was paid for a small, under 500 sq.ft. one bedroom condo apartment on the 18th floor at Yonge and Bloor. The highest, $3,000,000, was received for a newly renovated two bedroom penthouse with 2400 square feet of living space at Yonge and St. Clair.
Out of these 38 listings 14 were sold within one week, with one sold on the day the listing was published, three in one day and one in 3 days. The longest time on the market, 99 days, was needed to sell a 2-bedroom plus den penthouse unit in Bellagio.
Seventeen condos and three co-op units sold below asking, between 92% and 99%; four condos and one co-op apartment sold for full asking price; remaining ten condos and three co-ops sold between 101% and 131% of the listing price. The highest percentage was paid for a nicely renovated 2 bedroom condo at Yonge and Bloor. Listed for $599,300 it was sold in six days for $787,000. The highest amount of money over the asking price, $350,064, was received for an 1100 sq.ft. corner co-op unit at Yonge and St. Clair.
All home types, third quarter 2019, as reported on Toronto MLS system:
|Type||Sales||Average price||New listings||Avg. sale/list price||Avg. days on market|